Friday, July 30, 2021

Four Reasons to Sell Your LBI Home in Summer 2021

 

Four Reasons to Sell Your LBI Home in Summer 2021



Long Beach Island Real Estate

You can ask anyone right now, and they will tell you the LBI real estate market is a seller’s market. There is no doubt of that! Inventory is low, prices have risen over the last year, buyers have an incentive to act right now, and demand is high for a home on Long Beach Island. While these are all valid and understood points, there are few forces at play that can add an extra incentive to sell your Long Beach Island home in Summer 2021. They are:

  • Your home will spend less time on the market
  • Competition is high, and most homes have multiple offers
  • Inventory is likely to increase in the fall
  • This may be the best time to sell and move into another home

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

What Low Inventory Means for LBI Real Estate Buyers

Three Tips to Sell Your Long Beach Island Home

Tips for Selling Your Long Beach Island Home in the Winter On Long Beach Island

Back-Up Offers in the LBI Real Estate Market

The LBI Real Estate Market is Competitive, but Not Impossible

Why Selling Your Long Beach Island Home On Your Own in 2021 Is A Mistake



Wednesday, July 28, 2021

Types of Investment in the Long Beach Island Second Home Market

 

Types of Investment in the Long Beach Island Second Home Market



Long Beach Island Real Estate

Buyers in the LBI real estate market have many different reasons and motivations for entering into a real estate transaction on Long Beach Island, most buyers view their purchase, at least in part, as an investment. While there are many forms of investment, for example, commercial real estate, it is far less common than buying a rental property or building a new home. That begs the question, who invests in the LBI real estate market? In whole or in part, buying a home as an investment usually falls into one of two categories: those looking to rent and those looking to build. Each of these categories can be further broken down depending on the intended use. Generally speaking, buyers will:

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

Architectural Style in the LBI Real Estate Market

Clear Title in the LBI Real Estate Market

Patience is Key to Buying a Home on Long Beach Island

LBI Real Estate Sale Deposits

Buying a Home on Long Beach Island in a Flood Zone



Monday, July 26, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 7/18/2021-7/21/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 7/18/2021-7/21/2021



Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 7/18/2021-7/21/2021: There were 57 changes to the Long Beach Island real estate market this week. The welcomed trend of more new inventory coming on the market than pending sales continues! To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 20 new listings entered the market with an average price of $1,627,295
  • 16 listings went under contract with an average listing price of about $1,829,994
  • 6 properties sold on Long Beach Island with an average price of $2,173,500
  • 7 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

There are Fewer Homes for Sale in the LBI Real Estate Market Than You Think!

Making a Decision in the LBI Real Estate Market

LBI Real Estate Down Payment

LBI Real Estate Oceanfront Sales 2016-2021

The LBI Real Estate Market is Different This Summer

Patience is Key to Buying a Home on Long Beach Island



Is the Long Beach Island Real Estate Market in a Bubble

 

Is the Long Beach Island Real Estate Market in a Bubble



Long Beach Island Real Estate

With the recent increase in home prices, many would-be buyers are asking if the Long Beach Island real estate market is in a bubble. That is a fair question, and there are multiple opinions. While the truth is that nobody knows where prices will be in one month, six months, or a year from now, the fundamental of the national and local LBI real estate market strongly suggests that we are not in a bubble. A bubble in the LBI real estate market usually occurs when the price of a home exceeds the buying power of those looking to purchase and demand falls. That is not the current case on Long Beach Island or even in the national market. Several factors support this, but chief among them are:

  • Interest rates are still very low
  • Demand is high both locally and nationally
  • There are strong incentives to buy, which are likely to remain for some time

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

LBI Real Estate Trend Predictions Through the Second Half of 2021

LBI Real Estate Bayside Sales 2016-2021

Back-Up Offers in the LBI Real Estate Market

LBI Real Estate Agent

Fiberglass Pools in the LBI Real Estate Market



Thursday, July 22, 2021

What Will We See in the Long Beach Island Real Estate Market in the Second Half of 2021?

 

What Will We See in the Long Beach Island Real Estate Market in the Second Half of 2021?



Long Beach Island Real Estate

As we move through Summer 2021, many buyers and sellers in the LBI real estate market are curious about what the next several months will bring. Of course, nobody has a definite answer to this question, but several emerging trends can shed some light on the future of the LBI real estate market. All buyers, sellers, and investors should pay attention to these trends as they can significantly impact a Long Beach Island real estate transaction. My predictions for the next few months are as follows:

  • Inventory will remain lower than usual, but we should start to see improvement
  • The price of a home in the LBI real estate market will continue to rise
  • Interest rates will remain very low, but they will start to increase slowly

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

LBI Real Estate Oceanfront Sales 2016-2021

When Will The LBI Real Estate Market Crash?

There are Fewer Homes for Sale in the LBI Real Estate Market Than You Think!

Back-Up Offers in the LBI Real Estate Market

What Low Inventory Means for LBI Real Estate Buyers

Patience is Key to Buying a Home on Long Beach Island

How to Avoid Overspending in the Long Beach Island Real Estate Market

Patience is Key to Buying a Home on Long Beach Island



Monday, July 19, 2021

Buyers in the LBI Real Estate Market need to be Patient and Disciplined

 

Buyers in the LBI Real Estate Market need to be Patient and Disciplined





Long Beach Island Real Estate

The main challange for a buyer in the LBI real estate market is finding a home to buy. Inventory levels are very low, and we are in a seller’s market. While finding the right home to buy is hard, it is far from impossible. The key to successfully buying a home in the LBI real estate market right now is patience and discipline. Without these, it is very easy to make a costly mistake.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

LBI Real Estate Dual Agency

Buying a Home on Long Beach Island in a Flood Zone

When Will The LBI Real Estate Market Crash?

A Home on Long Beach Island for $100,000?